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GCCI Bulletins

Dear members, I was the Chief Guest at the “Global HR Summit’ organised in Panaji in April. A number of reputed speakers were lined up for the event. I had the fortune to listen to some of them and it was interesting to note the paradigm shift in HR . HR is increasingly using data analytics to study employee behavior and needs. Employee experience is one of the main areas HR will be focusing on in 2018, which will be as important as customer experience. I was surprised to learn that Artificial Intelligence is being used in HR and will play a key role in hiring and identifying employee needs, in their training, engagement, mentoring. Digital disrupters are playing a major role in recruitment, leave-tracking and employee well-being. Greater the use of technology and digitisation in an organization and higher the automation, greater will be the need for constant upskilling and re-skilling of employees. This need not be restricted to one’s own area of expertise but employees will be encouraged to skill themselves in divergent areas. Though AI may lead to a loss of jobs in some areas as jobs in the lower range of skills and complexities are getting […]

Dear Members, The Indian banking system is beleaguered with non-performing assets (NPAs). According to the Reserve Bank of India’s Financial Stability Report of December 2017, the NPAs currently stand at 10.2 per cent of all assets, while stressed assets, which are believed to be NPAs in effect, stand at 12.8 per cent. At the quarter ending December 2017, the bad loans were reported to be around Rupees 8,40,958 crores. But with the Reserve Bank of India (RBI) announcing a complete overhaul of the stressed assets resolution with a strict 180-day deadline, analysts are expecting a spike in the reported NPA levels for some of the large borrowers. The bulk of India’s soured loans are owed to state-run Banks that dominate the banking system. Criminal investigations into some defaults, in which former bank bosses have been arrested, have made today’s managers fearful that bad lending decisions might come back to haunt them. Government has recently announced PSBs reforms agenda for responsive and responsible banking, which encapsulates a synergistic approach for ensuring prudential and clean lending, better customer service, enhanced credit availability, focus on micro, small and medium enterprises and better governance. RBI has eased its NPA recognition criterion for banks for […]